A major payment company in Cambodia has been implicated in receiving more than $150,000 worth of cryptocurrency from a digital wallet associated with the North Korean hacking group Lazarus, according to blockchain data, highlighting the criminal group’s methods of laundering money in Southeast Asia.

Huione Pay, headquartered in Phnom Penh and specializing in remittance services, currency exchange, and payments, received the funds between June 2023 and February 2024. The funds were transferred from an unidentified digital wallet linked to Lazarus, which, according to blockchain analysts, had…

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